Business Services Bond 5c. ($50,000) - 16 or more employees — required surety bond in Federal. Apply online in minutes.
A Business Services Bond is a type of fidelity bond that protects your clients against losses from theft, larceny, or fraud committed by your employees while working on a client's premises. It acts as a financial guarantee of honesty, ensuring clients can be reimbursed if a worker steals their property.
This bond is highly recommended or frequently requested for service-based businesses that send a larger staff of employees into clients' homes or private offices. Typical examples include janitorial companies, moving services, home healthcare providers, and pet sitting businesses.
Clients or contracting agencies often require this bond to ensure they have a layer of financial protection before granting a company's workforce access to their private spaces. Carrying this bond provides peace of mind to customers, demonstrates professional credibility, and mitigates the risk of loss due to employee dishonesty.
To get started, simply click Apply Now to fill out our secure, approximately 5-minute online application. Once processed, your official bond documents will be delivered directly to you by email. If you have any questions along the way, call Noah Insurance Agency at 814-718-0060.
Premiums vary based on your business details, number of employees, and the coverage level selected. Please apply online for exact figures.
Coverage terms regarding independent contractors vary by policy. Always verify with the issuing agency to ensure all your workers are properly covered.
If a claim is filed and the theft is proven, the surety company will reimburse the client up to the bond's limit. The business owner is then legally responsible for repaying the surety company for the settled claim.
Requirements vary by jurisdiction and individual client contracts. You should always verify specific bonding obligations directly with the requesting client or contracting agency.
Send us a note or call 814-718-0060 — a licensed agent will confirm the bond amount and requirements for you.
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